American Express Co. (NYSE: AXP) shares gained about 6% in intra-day trading on Friday after the credit card company reported third-quarter results that topped analyst expectations and raised its full-year guidance.
Revenue rose 11% year-over-year to a record $18.43 billion, beating the $18.05 billion consensus estimate. Earnings per share came in at $4.14, above the $3.99 forecast.
The company’s performance was fueled by strong card member spending, which climbed 9% — or 8% on an FX-adjusted basis. Net income increased 16% to $2.9 billion, compared with $2.5 billion a year ago, while EPS rose 19% from $3.49 in the prior-year period.
Credit quality remained solid, as provisions for credit losses decreased to $1.3 billion from $1.4 billion a year earlier, while the net write-off rate held steady at 1.9%.
American Express lifted its full-year 2025 outlook, now projecting revenue growth between 9% and 10% and earnings per share of $15.20 to $15.50. The midpoint of the new range ($15.35) was slightly above the analyst consensus of $15.34.
Management said the results underscored strong customer engagement and continued momentum in premium card spending.
